USD/CAD technical depth chart of 10.4.2014
Topic: USD/CAD technical depth chart of 10.4.2014
The decline of the North American nation greenback within the past few days has additionally currently broken a key level against the Loonie that currently suggests that a broader correction may currently be seen on USD/CAD. Following yesterday’s sell-off of the greenback, the failure of the key Gregorian calendar month low at one.0906 has currently completed an oversized double prime pattern on the daily chart. There has been a death cross on the twenty one and fifty five day moving averages (a pessimistic close to medium term signal), whereas the daily momentum indicators ar more and more negative.